Goldman Sachs says its 6000 price target of the S&P 500 may be 'too low'

Goldman Sachs says its 6000 price target of the S&P 500 may be 'too low'

Investing.com -- In a note to clients on Wednesday, Goldman Sachs analysts raised the possibility that their 6000 price target for the S&P 500 might actually be"too low," signaling even more bullish sentiment for U.S. equities as the year progresses.

The bank wrote that it is"bracing for added volatility and the market to over-trade daily headlines and themes."This suggests that the market has more freedom to move, and according to Goldman, it could lead to a downside skew in the short term. "US corporates are in blackout window until October 25th. The largest buyer of US equities in 2024 can purchase 35% less shares during the closed window," Goldman Sachs explains.

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